Bear trend is not over yet
Komen:
Above is just an idea in case we sideways longer to build bigger pattern. It might drop earlier too
Komen:
1) Artificial pump
2) No new buyers
3) Dump
4) Repeat
Thats how bull stakes are made
2) No new buyers
3) Dump
4) Repeat
Thats how bull stakes are made
Komen:
Does it look familiar
the present
the past
the present
the past
Komen:
Komen:
Triangle city
Komen:
Interesting... finally bulls showing strength
main pattern remains the same which is bigger, better bear flag
main pattern remains the same which is bigger, better bear flag
Komen:
it looks like a third elliot wave
Komen:
Komen:
My primal bear flag was compromised so I think bulls will try to retest this downtrend (orange) trendline which then should tell us the further direction
Komen:
My thoughts short term
Komen:
similar price actions. Won't be surprised if they do it again. They repeat paterns all the time. Different timeframes, same story
Komen:
Above is just a possibility but I am not certain about breaking the downtrend yet. If something interesting comes to my mind I will share
Komen:
This bull formation might be a bearish crab
Komen:
Komen:
Support should be around this green EMA. If it holds then it will be good signal for going up more
Komen:
Komen:
Bulls are on fire but near heavy resistance now. MIght form another inv h&s
Komen:
Honestly, it might be epic bull trap too which for me is more likely but lets see
Komen:
Rising wedge on 4h bear div and 1h bear div and smaller timeframes too. Probably last bull charge before retrace
Komen:
Possible H&S setup
Komen:
Possible H&S setup
Komen:
4hr is bearish. Retrace to 7600 level possible
Komen:
Just for fun. It was too perfect not to draw it
